One more day left in the week, month, and quarter, and the bulls are standing strong so far so we will see if we get any window dressing tomorrow... or something surprising!
Two trading days left in the quarter and month, and now we will see if the bulls have something to prove or if green is enough before a holiday weekend. That said, we had some decent price action after JPOW was done talking and made for some nice trades!
The bears started off the week pretty strong at the GoldenZone rejection seems to be in play. There is plenty of time this week and really anything can happen as the quarter closes. The big worry for the bulls would be a red close to the quarter...
Let's see how price handles the GoldenZone! So far, weekly kind of blah and daily with an upper shadow and a gap below. There are multiple counts, so we will be looking for confirmation!
Still in the GoldenZone on the monthly, and the weekly chart chopping, but the daily had the bulls charging with a Bullish Engulfing Day! We certainly found some nice waves early on!
Interesting moves today as the market is toying around in the GoldenZone. We'll see if we are in that ABC or if we are in the wave 5... either way, we want to see some confirmation.
Monthly chart green but in the GoldenZone and there is a bullish and a bearish count. Place your bets because it could go either way. The symmetrical move down could be a wild one, and the never-ending wave up could be one for the bulls to write home about.
Still a few weeks left in the quarter and the month, so we will see if things stay green. The bears finished the quad witch with a little press, and a 3-day weekend ahead could get things interesting into a short week next week. Enjoy the holiday!
The FOMC recently took the dovish-case stance at the last meeting, pausing rate hikes for now. The market acted in kind and continued to push higher. As we head into a holiday weekend with quad-witching, it will be important to see how things settle after the post-Opex move next week. One of the key chart points is the Quarterly $SPX. Historically, a green...
Big push on the monthly and with a green quarter that pushed over the last red quarter high, things could be gearing up for a larger uptrend. One thing at a time, we still have a bit left in the quarter and plenty of price action potential in the GoldenZone.
Green month, green week, green Doji day after JPOW today, so things are looking like a bullish 1-2-1-2 and then ATHs before you know it? Let's see how price handles the GoldenZone!
Green month and week so far and the daily was pretty decent, albeit chopping intraday. We argued that there is a bullish impulsive count, but the market will have to stay bullish through JPOW tomorrow for it to continue.
Green month, green week, and the Doji sandwich up on the daily! That said, the morning looked like it would chop until JPOW on Wednesday, but when things get choppy, the bulls have a way of squeezing the shorts.
Month is green, and the bulls will want to see the Doji Sandwich measured move up on the weekly next week as we wait to see what JPOW is up to on Wednesday. Still dancing around the .618 level, so time will tell!
Green month, red to green week, and the daily at the top of the recent range. We will see if the bulls can break out here, otherwise, they would want it to be a Doji sandwich into next week. The bears need to growl into the weekend, otherwise, that push through the macro .618 could get them back in hibernation.
The monthly remains green, the weekly turning red, but the daily starting to show upper shadows off the .618, so we are going to see if the bears want to start an impulsive wave down.
Green month, Doji week, and a choppy day, but today's price action had some nice intraday waves that gave some nice trades. We will see if this .618 from the ATHs and recent lows proves to be an important level.
Monthly chart still green over the prior month highs, but weekly chart started off slow along with the daily. That said, we are not surprised to see a little red as the big .618 level of the ABC candidate is now being tested...